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Sunday, August 21, 2016

Nazi Germany Was a Socialist Country

"Nazi Germany was a socialist country and that the Nazis were right to call themselves National Socialists. This is something everyone should know; yet it appears to have been overlooked or ignored by practically all writers but von Mises. In Nazi Germany, the government controlled all prices and wages and determined what each firm was to produce, in what quantity, by what methods, and to whom it was to turn over its products. There was no fundamental difference between the Nazis and the Communists. While the Communists in Russia wore red shirts and had five-year plans, the Nazis in Germany wore brown shirts and had four-year plans." ~ George Reisman

(Source: Capitalism by George Reisman; Chapter: Price Controls and Economic Chaos)

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